https://www.taxtmi.com/caselaws?id=19178 The Tribunal determined that the return filed by a private limited company on September 20, 1973, was for the assessment year 1973-74, not 1974-75. Consequently, the assessment made for 1974-75 was deemed invalid. The court highlighted the correct interpretation of "assessment" and the relevant limitation period, emphasizing the need to compute the period from the date of forwarding the draft order to the assessee. While the Tribunal's decision on the assessment year was upheld, it was criticized for not remanding the case for a fresh hearing and assessment for 1973-74. The matter was resolved without further inquiry or costs. en-us Wed, 16 Nov 1994 00:00:00 +0530 Wed, 04 Nov 2009 14:07:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19178 The Tribunal determined that the return filed by a private limited company on September 20, 1973, was for the assessment year 1973-74, not 1974-75. Consequently, the assessment made for 1974-75 was deemed invalid. The court highlighted the correct interpretation of "assessment" and the relevant limitation period, emphasizing the need to compute the period from the date of forwarding the draft order to the assessee. While the Tribunal's decision on the assessment year was upheld, it was criticized for not remanding the case for a fresh hearing and assessment for 1973-74. The matter was resolved without further inquiry or costs. Case-Laws Income Tax Wed, 16 Nov 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19178